Raymond James & Associates purchased a new position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) during the fourth quarter, HoldingsChannel reports. The firm purchased 69,294 shares of the company’s stock, valued at approximately $1,876,000.
Other institutional investors have also added to or reduced their stakes in the company. Harbour Investments Inc. raised its stake in Capital Group Municipal Income ETF by 110.7% during the 3rd quarter. Harbour Investments Inc. now owns 19,791 shares of the company’s stock worth $509,000 after buying an additional 10,398 shares during the period. Koshinski Asset Management Inc. purchased a new stake in shares of Capital Group Municipal Income ETF in the third quarter worth approximately $278,000. Stifel Financial Corp raised its stake in shares of Capital Group Municipal Income ETF by 681.5% in the third quarter. Stifel Financial Corp now owns 111,821 shares of the company’s stock worth $2,874,000 after purchasing an additional 97,513 shares during the last quarter. WNY Asset Management LLC purchased a new stake in shares of Capital Group Municipal Income ETF in the third quarter worth approximately $3,037,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Capital Group Municipal Income ETF in the third quarter worth approximately $362,000.
Capital Group Municipal Income ETF Price Performance
Shares of Capital Group Municipal Income ETF stock opened at $26.77 on Thursday. Capital Group Municipal Income ETF has a 52 week low of $25.32 and a 52 week high of $27.22. The business has a 50 day moving average price of $26.97 and a 200-day moving average price of $26.62.
About Capital Group Municipal Income ETF
The Capital Group Municipal Income ETF (CGMU) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal bonds of varying maturities, exempt from regular federal income tax. CGMU was launched on Oct 25, 2022 and is managed by Capital Group.
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